Peter Brandt Says Ethereum May Face the Whales: Is ETH Sinking Against Bitcoin?

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Ethereum—universally described as “the second largest cryptocurrency by market capitalization” by people hoping you’ll forget there’s a hundred more—is the plucky underdog that was meant to steal Bitcoin‘s golden crown and finally put an end to all those conversations about who goes first on the blockchain Christmas card list. Once, ethereally, Ethereum had everyone cheerfully convinced that it would make blockchain technology as easy as making instant tea. (With about the same nutritional value.) ☕

When the cryptocurrency world went absolutely barmy in 2017 and 2021—just before everyone discovered their new yachts didn’t actually go to the moon—Ethereum surged with the sort of enthusiasm usually reserved for puppies spotting unattended food at a picnic. Prices soared! People made ridiculous comparisons to tulips! Optimism was very much in fashion.

Fast forward to the present, and Bitcoin has taken up jazzercise and is now up a perky 53% yearly, while Ethereum, perhaps too busy pondering existential questions, is down 42%, according to the Oracles of CoinGecko.

— Peter Brandt (@PeterLBrandt) April 28, 2025

Onto the digital stage shuffles Peter Brandt, legendary trader, suspected time traveler, and general bringer of chart-based doom. Taking to X (which was once called Twitter, which would have been a far easier letter to draw), Brandt waved around an ETH/BTC chart like a schoolteacher holding your homework upside down. The picture is clear: Ethereum is valiantly continuing its quest to lose more ground to Bitcoin, mostly by never quite catching up. One can almost hear the Benny Hill theme in the background. 🎺

Reversal Imminent?

Brandt’s chart pens yet another dire warning: unless some dramatic reversal occurs—perhaps Ethereum will reinvent itself as a blockchain-based banana—the only thing going up might be the number of memes about Ethereum not going up.

BUT WAIT! Don your party hats! In a shocking twist worth at least one raised Vulcan eyebrow, U.S. Ethereum ETFs have actually received their first positive net inflow after eight weeks of relentless, soul-sucking outflows. An impressive (read: modest) 40,000 ETH has come slogging back into the fold, possibly because someone misheard “cash out” as “hash out.” The mood is now a confusing blend of cautious optimism and “let’s see what happens if we jiggle the charts.”

Just to keep things spicy, press time revealed that for now, ETH is out-muscling Bitcoin over the last day and week! Ethereum is up 1.12% in the last 24 hours—oh, the drama!—fetching a princely $1830, while Bitcoin managed to raise itself 0.17% to $94,947, possibly on the back of raw hope and too much coffee. ☕🎉

The market is watching, popcorn in hand, for the next jaw-dropping plot twist in the ongoing saga of ETH vs. BTC. Will Ethereum mount a comeback? Will Bitcoins learn to socialize? Will Peter Brandt eventually run out of charts? Tune in for the next electrifying episode of “Cryptos of Our Lives”—same blockchain time, same blockchain channel.

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2025-04-29 13:31